Republic stores in Gloucester and Cheltenham under threat?
FASHION chain Republic is understood to be looking at getting rid of up to half its stores.
The company has branches in Eastgate Street in Gloucester and Cheltenham High Street.
According to a report in the Sunday Express the retailer has put all 120 of its stores under review and is seeking to renegotiate rents with landlords.
According to accounts filed at Companies House its full-year, pre-tax profits for 2001 crashed by 86 per cent to £3.7 million.
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Republic is owned by US private equity giant TPG and last year appointed former TKMaxx head Paul Sweetenham as its chief executive.
Meanwhile Cheltenham-based SuperGroup, the retailer behind SuperDry, is believed to be about to report a sales increase of 17.5 per cent for the third quarter.